Weekly roundup of people news, July 21 | Moves asianinvestor.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asianinvestor.net Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ - More than 47% of independent shareholders voted in favour of a proposal filed by SHARE and the Catherine Donnelly Foundation at Amazon s May 25.
AIB hones in on ESG with social bond framework finextra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finextra.com Daily Mail and Mail on Sunday newspapers.
June 4, 2021 | Activist David Threatens Exxon Mobil Goliath
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
Exxon Mobil suffered a setback at its annual shareholder meeting in voting for members of the board of directors. Exxon lost the vote on three members, giving an activist investment fund a quarter of the seats on the twelve-member board. This new firm, called Engine No. 1, says that it is “pursuing long-term value by harnessing the power of capitalism.”
Will this new David be able to slay Goliath?
Exxon Mobil has come under attack for its corporate governance as well as its non-action on climate change. Until now Exxon has managed to fend off its nay-sayers and continued to pursue a “business as usual” approach even as the oil and gas industry is facing enormous challenges.
PDAC: Embracing ESG can offer greater access to lower-cost capital, says Sprott’s Daniella Dimitrov
Daniella Dimitrov, partner at Sprott Capital, at PDAC 2021. Credit: PDAC.
Mineral exploration and mining companies that incorporate environmental, social, and governance (ESG) principles as “true value drivers” as part of their corporate culture will outperform and have greater access to more long-term capital and at lower costs, says Sprott Capital’s Daniella Dimitrov.
The principles of ESG are not new to the mining industry, Dimitrov told the virtual audience at this year’s PDAC. “For many years, the industry has been focused on doing the right thing to obtain and maintain our social license to operate.”